Responding to Structural Industry Changes: A Technological Evolution Perspective

Allan N Ufuah and James M Utterback

Industrial and Corporate Change, 1997, vol. 6, issue 1, 183-202

Abstract: We argue that the sears for a dynamic theory of strategy and for a link between the product-market and resource-based views may be incomplete without an exploration of the evolution of the technology that underlies products and heterogeneous firm capability. As technology evolves, so do industry characteristics, products and critical success factors. Firms without the tight capabilities are forced to quit the scene. Thus an industry's structure, attractiveness and the kinds of capabilities that it reeds to succeed may vary over time, suggesting deferent strategies for each phase. Copyright 1997 by Oxford University Press.

Date: 1997
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